Regions West | Seattle/Portland
Bellevue Square Shopping Center Undergoing $40M Renovation
May 6, 2008

Kemper Development Co. is giving the Bellevue Square regional shopping center a long overdue makeover, according to the Seattle Post-Intelligencer. The company, which owns about 10 percent of downtown Bellevue's commercial real estate, will spend an estimated $40 million to revitalize a property that has not undergone major changes since it was converted into an indoor mall in the 1980s. The project will take the city's Eastside area a step closer to its goal of becoming a coveted shopping destination. Kemper expects to wrap up the renovation of Bellevue Square in time to accommodate shoppers during this year's holiday season.

 
Recent Seattle/Portland Headlines
Kennedy Wilson Expands Seattle-Area Apartment Portfolio via $117M Buy
July 01, 2008
Kennedy Wilson Multifamily Management Group Ltd., the multi-family investment division of Kennedy Wilson, has acquired two Class B apartment communities in the Seattle area for a total of just over $117 million.
2ndJohn.jpg Cooling Condo Sales Tied to Seattle Rental Growth, $48M Sale
June 24, 2008
Taking advantage of a Seattle apartment market with a high barrier to entry, Sobrato Development Cos. has acquired Expo62, a 114-unit apartment complex in the Lower Queen Anne area of the city from Intracorp Real Estate L.L.C. in a $48 million deal.
Suburban Seattle Apartment Complex Commands $38M
June 20, 2008
The Hearthstone at Merrill Creek, a 220-unit apartment property in Everett, Wash., has recently come under new ownership
Financing in Place for Suburban Portland Apartment Property
June 17, 2008
Elmonica Court Apartments in Beaverton, Oregon has just been financed. Red Mortgage Capital Inc., one of the top Fannie Mae DUS lenders in the country, provided the fixed-rate financing for property owner, Portland-based Randall Group Inc.
Columbia Sportswear to Redevelop Seattle Block
June 12, 2008
Columbia Sportswear Co. has announced plans to redevelop a block of real estate in downtown Seattle, Wash., for the opening of two side-by-side Columbia and Mountain Hardwear-branded retail stores.